The company reported standalone net loss during the quarter stood at Rs 1.94 crore as compared to net loss of Rs 3.60 crore in the previous year quarter.
Net revenue of the company declined substantially by 48.15 per cent at Rs 17.67 crore in January-March quarter of this fiscal as against Rs 34.08 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 40.38 per cent to Rs 18.03 crore from Rs 30.24 crore in year ago period.
Other Income grew by 200.00 per cent at Rs 0.75 crore versus (Mar'24 Rs 0.25 crore).
Operating Profit slipped by 109.38 per cent to Rs -0.36 crore as against Rs 3.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 118.12 per cent in March quarter.
Interest declined by 40.41 per cent y-o-y to Rs 2.05 crore, while Taxation decreased by 247.83 per cent at Rs -1.02 crore (Mar'24 Rs 0.69 crore).